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Thread: My Input

  1. #1
    Join Date
    Nov 2004
    Posts
    18

    Default My Input

    If your having problems increasing your conversion ratio
    I would think this could be improved by getting those turndowns to qualify.
    There are many things to do when borrowers get turndown you should have a system in place that you can essentially refer these people to to fix their credit. I know in my office we practice religiously repairing credit so we can have those borrowers into homes within 4-9 months. Im sure many other things affect the conversion ratio but I think you can substatially increase your business by working with everyone you come into contact with. Have a contact in place who can assist with credit repair so that way your also not wasting your time on them so you can pursue qualified buyers.

  2. #2
    Join Date
    Jun 2004
    Location
    Arizona, USA
    Posts
    4,846

    Default Re: My Input

    I think the key phrase here is "refer these people." Find someone who will handle the credit repair from start to finish "without" your involvement.

    Credit repair takes time and effort. For a real estate agent, that time and effort is better spent finding or working with "Qualified" buyers.

  3. #3
    Join Date
    Dec 2004
    Posts
    1,740

    Default Re: My Input

    Was wondering if anyone has a company that they use for credit repair.

    My LO helps get people started, but in reality he doesn't have the time to hold the buyers hands while they repair their credit.
    The Suburban House Hunters Team would like to thank REW members for past referrals! We are never to busy to handle your Chicago area referrals.

    Always looking for quality unique content for our real estate agent blog, PM me if interested in writing a post.

    My thoughts on the Sarasota Association of REALTORS actions.

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